Federal Bank's loan book grows 16.3% YoY to Rs 1.54 trillion in Q1

The Federal Bank's gross advances stood at nearly Rs 1.33 trillion at end of June 2021 (Q1FY22) and Rs 1.48 trillion at end of March 2022 (Q4FY22)

Private sector lender Federal Bank has posted a 16.3 per cent year-on-year (YoY) growth in credit to Rs 1.54 trillion at the first quarter ended June 2022 (Q1FY23).

Its gross advances stood at nearly Rs 1.33 trillion at end of June 2021 (Q1FY22) and Rs 1.48 trillion at end of March 2022 (Q4FY22).

Federal Bank said in a late night filing with BSE that the retail credit book grew by 16.7 per cent and wholesale credit book was up by 15.8 per cent. The retail-to-wholesale ratio improved to 55:45 (Q1FY23) from 54:46 a year ago (Q1FY22).

As for liabilities, the